Car Loan 4U Comments on January Rise in New Car Sales

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Consumer views on available Car Credit since the Credit Crunch no longer valid. Greater awareness of online car finance options could increase new car sales and boost the economy to help avoid threat of double-dip recession.

Carloan4U.co.uk providing hassle free car finance

Carloan4U.co.uk

"If more consumers were aware of the flexible credit agreements available to them online when it comes to buying a new car, we are positive that more new cars would be sold, offering the British economy a much needed shot in the arm."

Following the announcement earlier this week from The Society of Motor Manufacturers and Traders (SMMT) showing that January new car sales rose by just 0.03% to 128,853 sales in January, a marginal increase on January 2011 figures, leading car finance website http://www.carloan4u.co.uk argues that if more consumers were aware of affordable, flexible credit lending options, it could significantly boost the sale of new and used cars in 2012.

SMMT revised down its full year forecast of the new car market in 2012 to 1.92 million units, a 1.1% drop on the 1.94 million unit produced in 2011.

The economic outlook for the car market remains weak, but Car Loan 4 U argue that if more consumers were aware of the responsible car credit options available it could encourage additional car sales and help to mitigate the potential effects of a double-dip recession in the British economy.

Comments Co-Director James Wilkinson;

“Research from leading car data companies such as SMMT suggests that the new car market will dip just 1% to 1.92 million units in 2012, before recovering in 2013. Figures show that new car sales were better in January of this year than they were in 2011.

“Overall this is good news considering the state of the economy, but if more consumers were aware of the flexible credit agreements available to them online when it comes to buying a new car, we are positive that more new cars would be sold, offering the British economy a much needed shot in the arm.

“Many consumers still believe that since 2008, finance and credit is hard to come by, particularly for anyone with a poor credit history, but that needn’t always be the case. Organising a car loan doesn’t need to be complicated – our rates start from 7.9% APR and we regularly find loans for those with a less than perfect credit record.”

“But many potential new car buyers are unaware of the flexible credit options available and are putting off buying new cars in the belief that they cannot get credit and even if they do will be paying too much for the privilege.”

The most popular car sold in the UK in January 2012 was the Ford Fiesta. The new Ford Fiesta costs from £9,495 OTR. Car finance for a new Ford is available at Car Loan 4 U from 7.9% APR.

For all your car finance needs visit: http://www.carloan4u.co.uk/.

Notes:
For more information, please contact Car Loan 4 U Director James Wilkinson. Email – james(dot)wilkinson(at)carloan4u(dot)co(dot)uk. Direct landline: 01625 619 944 Ext. 7801.

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James Wilkinson
Carloan4U.co.uk
01625 619 944 Ext: 7801
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